Hello LBIer's, i hope you have all had a productive week. This week our earnings are up on last week which is cool but I see something that looks off to me. We leased 27k LEO POWER around 10 days which should have increased our LEO curation rewards by around 10% but it looks to have gone the other way for some reason. The VP for the account is not the issue so it's something I cant find. Hopefully, we see a difference next week and curation rewards top 1000 LEO once again.
Another thing that catches my eye is HIVE content rewards overtook LEO content this week. The is funny to me because SPI which is a HIVE fund earns more LEO each week than it does HIVE. And now LBI which is an LEO fund earns more from HIVE than LEO. Maybe not that funny but I am a simpleton. Either way, content this week brought in close to 700 LEO in total so yeee-ha!.
CUBLIFE and UTOPIS are pretty much the same as last week. Leo.voter, hive curation and inflation are up a little on last week so everything is looking great.
The top chart is this week, the bottom chart is a total of over 35 weeks.
Total earning by @lbi-token to date are 49,234 LEO giving a weekly average of 1367 LEO. Over the next few days, we'll cross over 50k earned which is amazing. We see the bulk of our earnings comes to form LEO curation and I think we could continue to try and increase this through leasing more LEO power. I would like to target around 50k LP leased in total but we'll see what happens as we are not left with a pile of liquid LEO at the end of each week.
The past 5 weeks are looking nice on the chart below, let's hope the trend continues.
Not much change here, our HIVE wallet grew by around 200 HIVE. The ratio between LEO and HIVE is weakening which means our HIVE wallet is worth more in LEO. If the price of LEO were to rebound and tomorrow by on peg with HIVE at 1 to 1, the LBI token price would drop because that 15,730 to see would change to 7,165. Our CUBfinance wallet has the same effect because it's valued in dollars.
This week because of the CUBfinance IDO thing, I decided to not convert any of our harvests and instead just added the 240ish we got into the CUB kingdom ready to be used if required. The dollar value has gone up a little, maybe 2-3% and our CUBfinance wallet is on par in LEO value with last week. Not much change in our HE wallet, there's a few extra HIVEp but not much action in that next of the woods yet. UTOPIS has turned into a great investment as we bought in 2-3 week before the price increased from 3.50 HIVE to 5 HIVE.
This week we are beating the trend which is excellent to see, you can see the blue bar just poking over the red trend line if you squint your eyes. This is where we went to be, if the market is bullish it could continue on for a few more weeks as it did between weeks 17-20.
LBI token price
Total assets worth in LEO
325,405 LEO
Total LBI tokens circulating
227,481
LBI token price - 1.43 LEO
Our token price charts mirror the LBI total fund growth chart. This weeks price of 1.43 LEO per LBI is mind-blowing to see. I personally think that LEO will make some sort of comeback and get back to around 50 cents again. When this happens, both our HIVE balances and CUBfinance wallet will be worth less in LEO value and this will reduce the LBI token price in LEO value. The flip side to that is the LBI's dollar value will increase so it's bittersweet. I'd personally rather have less LEO worth more over tons of LEO worth nothing. In other words, if you see the price of LEO increase and the LBI token value decrease and wonder why. There's the answer.
We might hit 1.50 LEO per token, 50% growth in under a year would be mindblowing considering we have not really built up any great amount of off-platform holdings yet.
That is week 36 for LBI folks. Earning are up on last week, the total fund value is up on last week in both LEO and dollar values and hope to see an increase in earning next week as the 27k lease rewards start to kick in. If we see a difference, we can lease more. Ideally having around 50k of LEO leased in would be perfect and get us to 2000 LEO earnings per week. I'll wait and see next week and then decide i guess.
Thank you for taking the time to read this week LBI token report. I hope you are happy with our progress and you have a great weekend. This week's dividends will be issued around 5 minutes after this post uploads.